Best stocks to buy right now in Canada

Finder’s list of the best stocks to buy right now in Canada is updated monthly based on the results of our proprietary ranking system. These 20 best Canadian stocks (also known as the best TSX stocks) are starting points for your own research and should not be taken as advice to buy any particular stock.

Best stocks to buy right now in Canada (August 2026)

Here’s a quick view of 10 of the best Canadian stocks to buy right now. Get more details below.

Questrade

Questrade

Get $50 cash back when you open a Questrade self-directed investing account through Finder. T&Cs apply.

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More of the best stocks to buy in Canada right now

Denison Mines (DML.TO)

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada.

Denison Mines is headquartered in Canada and is traded under the ticker symbol DML. At the last market close, its share price was C$4.81 with a trading volume of 6,371,024.

YTD performance	390.01%
Market cap	C$4.0 billion
Revenue	C$4.1 million
Earnings per Share (EPS)	-C$0.31
Return on Equity (ROE)	-66.82%
Operating Margin	-2,517.50%

Revenue, EPS, ROE, ROA, net profit margin and operating margin were calculated based on the trailing twelve months (TTM).

Buy on Questrade

Pembina Pipeline (PPL.TO)

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures.

Pembina Pipeline is headquartered in Canada and is traded under the ticker symbol PPL. It currently has a market cap value of C$39.3 billion.

YTD performance	(data unavailable)
Market cap	C$39.3 billion
Revenue	C$8.0 billion
Earnings per Share (EPS)	C$2.84
Return on Equity (ROE)	10.47%
Price-to-Earnings Ratio (P/E)	23.78
Net Profit Margin	22.42%
Operating Margin	33.97%

Revenue, EPS, ROE, ROA, net profit margin and operating margin were calculated based on the trailing twelve months (TTM).

Buy on Questrade

Centerra Gold (CG.TO)

Centerra Gold Inc. engages in the operation, development, exploration, and acquisition of gold and copper properties in North America, Turkey, and internationally.

Centerra Gold is headquartered in Canada and is traded under the ticker symbol CG. At the last market close, its share price was C$32.69 with a trading volume of 768,400.

YTD performance	115.38%
Market cap	C$6.4 billion
Revenue	C$1.7 billion
Earnings per Share (EPS)	C$4.34
Return on Equity (ROE)	32.88%
Price-to-Earnings Ratio (P/E)	7.47
Net Profit Margin	36.92%
Operating Margin	27.22%

Revenue, EPS, ROE, ROA, net profit margin and operating margin were calculated based on the trailing twelve months (TTM).

Buy on Questrade

CES Energy Solutions (CEU.TO)

CES Energy Solutions Corp., together with its subsidiaries, engages in the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.

CES Energy Solutions is headquartered in Canada and is traded under the ticker symbol CEU. At the last market close, its share price was C$19.15 with a trading volume of 850,205.

YTD performance	1370.55%
Market cap	C$4.0 billion
Revenue	C$2.7 billion
Earnings per Share (EPS)	C$0.92
Return on Equity (ROE)	23.62%
Price-to-Earnings Ratio (P/E)	20.82
Net Profit Margin	7.36%
Operating Margin	11.89%

Revenue, EPS, ROE, ROA, net profit margin and operating margin were calculated based on the trailing twelve months (TTM).

Buy on Questrade

Obsidian Energy (OBE.TO)

Obsidian Energy Ltd. engages in the exploration, development, and production of oil and natural gas in Western Canada.

Obsidian Energy is headquartered in Canada and is traded under the ticker symbol OBE. It currently has a market cap value of C$1.1 billion.

YTD performance	1794.32%
Market cap	C$1.1 billion
Revenue	C$543.7 million
Earnings per Share (EPS)	C$0.42
Return on Equity (ROE)	1.99%
Price-to-Earnings Ratio (P/E)	38.45
Net Profit Margin	5.11%
Operating Margin	35.72%

Revenue, EPS, ROE, ROA, net profit margin and operating margin were calculated based on the trailing twelve months (TTM).

Buy on Questrade

Valeura Energy (VLE.TO)

Valeura Energy Inc., together with its subsidiaries, operates as an upstream oil and gas company in Thailand and Turkey. It engages in the exploration, appraisal, development, and production of petroleum and onshore natural gas.

Valeura Energy is headquartered in Canada and is traded under the ticker symbol VLE. At the last market close, its share price was C$13.13 with a trading volume of 230,374.

YTD performance	2311.12%
Market cap	C$1.4 billion
Revenue	C$673.6 million
Earnings per Share (EPS)	C$0.80
Return on Equity (ROE)	10.87%
Price-to-Earnings Ratio (P/E)	16.41
Net Profit Margin	9.25%
Operating Margin	48.87%

Revenue, EPS, ROE, ROA, net profit margin and operating margin were calculated based on the trailing twelve months (TTM).

Buy on Questrade

What you should know before buying the best Canadian stocks

There’s no single winning strategy to finding what experts might call the best stocks to buy right now in Canada, because the most important considerations are your own goals and circumstances.

Our verdict on the best Canadian stocks is not personal financial advice; we have not considered your personal objectives and financial situation. Do your own research, and speak with an investment professional if in doubt.

Whether you care more about short-term capital gains or long-term dividend growth, it’s important to know what risk you’re comfortable with and whether a stock is performing well, making a profit, paying dividends or losing value. Past performance does not guarantee future results. Investments can increase and decrease in value.

This list and data was compiled August 4, 2026. The algorithm was last updated January 27, 2021.

Compare online brokers to buy the best stocks in Canada

To invest in any of these stocks, you’ll need a brokerage account. Compare online stock trading platforms below and select Go to site to get started.

9 of 9 results

Finder Score	Available Asset Types	Account Types	Stock Trading Fee	Monthly Account Fee
Promoted 8.6 Great Wealthsimple Investing	8.6 Great	Stocks, Options, ETFs, Cryptocurrency	RRSP, TFSA, Personal, Margin	$0	$0	Get a 1% match cash bonus on eligible $25,000+ transfers from other financial institutions to your Wealthsimple Self-directed Investing and Managed Investing accounts. T&Cs apply.	Go to site View details Compare product selection Compare	loading
Promoted 9.6 Excellent Questrade	9.6 Excellent	Stocks, Bonds, Options, Mutual Funds, Index Funds, ETFs, Forex, GICs, Precious Metals, IPOs	RRSP, RESP, RRIF, TFSA, Personal, Joint, FHSA, Margin	$0	$0	Get $50 cash back when you open a Questrade self-directed investing account through Finder. T&Cs apply.	Go to site View details Compare product selection Compare	loading
Promoted 9.1 Excellent Qtrade Direct Investing	9.1 Excellent	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, IPOs	RRSP, RESP, RRIF, TFSA, Personal, Joint, FHSA, Margin	$0	$0	Earn up to $2,000 cashback when you open and fund a new Qtrade account. Valid until August 31, 2026. T&Cs apply.	Go to site View details Compare product selection Compare	loading
7.9 Great CIBC Investor's Edge	7.9 Great	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, Precious Metals, IPOs	RRSP, RESP, RRIF, TFSA, Personal, Joint, Business, FHSA, Margin	$6.95	$0 if conditions met, or $100	Get 200 free trades for 2 years, using promo code EDGE2026. Valid until September 30, 2026. T&Cs apply.	Go to site View details Compare product selection Compare	loading
8.2 Great BMO InvestorLine Self-Directed	8.2 Great	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs	RRSP, RESP, RRIF, TFSA, Personal, Joint, FHSA, Margin	$3.95–$9.95	$0 if conditions met, otherwise $100 per year	Get up to $10,000 + 150 free trades. Offer ends August 31, 2026. T&Cs apply.	Go to site View details Compare product selection Compare	loading
6.2 Standard GoSmart by RBC Direct Investing	6.2 Standard	Stocks, ETFs	RRSP, TFSA, FHSA	$0 - $9.95	$0	Open your first GoSmart account and get $100 when you deposit $2,000. Valid until November 2, 2026. T&Cs apply.	Go to site View details Compare product selection Compare	loading
9.4 Excellent Interactive Brokers	9.4 Excellent	Stocks, Bonds, Options, Index Funds, ETFs, Forex, Currencies, Futures	RRSP, TFSA, Personal, Joint, Business, FHSA, Margin	Min $1.00, Max 0.5%	$0	View details Compare product selection Compare	loading
8.6 Great Moomoo	8.6 Great	Stocks, Options, ETFs	RRSP, TFSA, Personal, FHSA, Margin	$1.49/stock	$0	Get up to 30 free stocks, 6% on uninvested cash, commission-free trades for 30 days and up to $2,300 in cash rewards. Offer ends August 31, 2026. T&Cs apply.	View details Compare product selection Compare	loading
8 Great Webull	8 Great	Stocks, ETFs	RRSP, TFSA, Personal, Margin	$0	$10/year	View details Compare product selection Compare	loading

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Finder Score for stock trading platforms

To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.

Read the full methodology

Our expert says

"Beginners may benefit the most by investing in a handful of stocks of companies they know and whose products they are familiar with. That said, beginners may want to build the core of their portfolio with broad market index funds to get the most diversification without requiring the market expertise needed for picking individual stocks."

Matt Miczulski

Investments editor and market analyst

Canadians consider stocks a smart investment option

Nearly four out of ten Canadians (39.01%) consider stocks to be an appealing investment in 2026, according to the Finder: Consumer Sentiment Survey March 2026. Mutual funds (35.65%) and GICs (34.38%) are the next most popular types of investments, while crypto meme coins (5.60%) and crypto ETFs (9.29%) are the least popular. This suggests that investors prefer more predictable returns over high-risk, high-reward opportunities.

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FAQs about the best TSX stocks to buy right now

• What are the best Canadian dividend stocks?

  Using Finder's proprietary algorithm, we found the best Canadian stocks to buy right now in August 2026. Out of these, the five best Canadian dividend-paying stocks are the Canadian National Railway Company (CNR), Financial 15 Split (FTN), Pembina Pipeline (PPL), Centerra Gold (CG) and Freehold Royalties (FRU).

• What indices track the best Canadian stocks?

  The S&P/TSX Composite Index is the benchmark index for the Canadian market. It tracks over 200 companies that represent around 95% of the total equities market in Canada. The S&P/TSX 60 tracks 60 of the largest companies listed on the TSX.

  If you want to invest in either of these indices, buy shares of exchange traded funds (ETFs) that hold similar stocks. Examples include the iShares Core S&P/TSX Capped Composite Index ETF (XIC), BMO S&P/TSX Capped Composite Index (ZCN) and Global X S&P/TSX 60 Corporate Class ETF (HXT).

• Where do I buy the best stocks in Canada?

  To buy the best stocks in Canada, you'll need to open an investment account with a broker. Canada's Big Banks offer online investment platforms, but you can also open an account with popular brokers like Wealthsimple, Qtrade and Interactive Brokers.

  Best online stock trading platforms in Canada

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To make sure you get accurate and helpful information, this guide has been edited by Chelsey Hurst as part of our fact-checking process.

Written by

Mackenzie Domazet

Publisher

Mackenzie Domazet is a Senior SEO Strategist at Forbes Advisor and former investments publisher at Finder. She has worked at one of Canada’s largest financial institutions, as well as one of the country's fastest growing fintech companies. She also films videos for the Investment Finder YouTube channel, where she explains financial concepts, reviews trading platforms and more. An active growth investor, Mackenzie has been investing on her own since she was 18. She has a bachelor’s degree in business and is an avid runner and reader. See full bio

Co-written by

Stacie Hurst

Editor

Stacie Hurst is an editor at Finder, specializing in loans, banking, investing and money transfers. She has a Bachelor of Arts in Psychology and Writing, and she has completed FP Canada Institute's Financial Management Course. Before working in the publishing industry, Stacie completed one year of law school in the United States. When not working, she can usually be found watching K-dramas or playing games with her friends and family. See full bio

Stacie's expertise

Stacie has written 229 Finder guides across topics including:

• Banking
• Stock Trading
• Cryptocurrency
• Personal Loans
• Car Loans
• Credit Cards